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No. Inflation has been near 0 for most of the western world since 2008. The increase is a result of lax monetary policy ( central banks flooding the world with
by cityhomesteader 8y ago
No. Inflation has been near 0 for most of the western world since 2008. The increase is a result of lax monetary policy ( central banks flooding the world with money ) and asset price ( stocks, housing ) increases.
In other words, inflation hasn't increase 10.6% last year.
If you want to check historical inflation data.
https://tradingeconomics.com/united-states/inflation-cpi https://tradingeconomics.com/united-states/inflation-cpi